Pillinger Brad News Today

Chinese buyers seeking beach houses, a penthouse that could top $140 million, and an off-the-plan boutique boom: what to expect from luxury property this year.

In Sydney’s eastern suburbs of South Coogee and Bronte, two luxury home listings are expected to set new records in the lead up to Christmas.

Four years after landing on the AFR Young Rich List, Credible founder Stephen Dash has spent $48 million on three adjoining homes in Sydney’s Bellevue Hill.

TITLE DEEDS: Meanwhile, celebrity agent Nick Fordham makes it three in a row in Woollahra and a finance industry veteran buys Alan Joyce’s Mosman mansion.

The single-level home, renovated six years ago, was sold to a developer who beat parents bidding with their adult daughter.

The Bellevue Hill home of Valiant Hire owner Michael Sternberg — and his late mother philanthrapist Goldie Sternberg — has sold for $33m in a top-secret deal.

Recently retired ASX CEO Dominic Stevens has sold his Bellevue Hill mansion for a rumoured $50 million - while a neighbouring estate hits the trophy market.

In one sought-after suburb, there were 38 sales above $10 million in the last financial year. But even the trophy home market may not be immune from the property downturn.

In one sought-after suburb, there were 38 sales above $10 million in the last financial year. But even the trophy home market may not be immune from the property downturn.

Like so many Millennials Alexandra and Gabriel Jakob are planning to build a home for their growing family. Unlike most Millennials they have paid $100 million just for the land to build it on. Such is life in Point Piper.